Market Overview

JTC Group Announces Inclusion in Financial Times Stock Exchange (FTSE) 250 Index


Leading Fund Administration & Private Client Company Achieves FTSE 250 Milestone Less than 2 Years after Initial Public Offering

NES Financial | JTC (LON: JTC) announced today that it has joined the FTSE 250 Index, which is a capitalization-weighted index consisting of the 101st to the 350th largest companies listed on the London Stock Exchange (LSE).

JTC's move to the FTSE 250 is a result of the business' strong performance where it has grown revenues and net income every year for over 32 years. Headquartered in Jersey, UK, JTC listed on the Main Market of the London Stock Exchange in March 2018.

"The company's inclusion into the FTSE 250 is an important milestone in our company's growth and evolution and I would like to thank our clients and investors for their continued support," said Nigel Le Quesne, CEO of JTC. "At JTC, every single employee is a direct owner of the business and is committed to our clients' success. We believe that it is our ‘Stronger Together' culture that differentiates our performance over the long term. On behalf of the Board and management team, I would like to thank our colleagues globally for the hard work and commitment that has made this possible."

This past April, JTC acquired NES Financial, the industry-leading specialty financial administration company in the US with purpose built solutions for US impact funds, including Opportunity Zones, the immigrant investor EB-5 program, and private equity fund administration – as well as 1031 tax-deferred exchange services for private equity, commercial real estate, and corporate clients.

"The FTSE 250 Index in the U.K. is similar to the Fortune 500 Index in the United States," said Michael Halloran, Group Head of Technology Strategy and CEO of JTC USA. "NES Financial is proud to be part of the JTC family and are pleased to see our technology-driven purpose built solutions contributing to making JTC one of the best performing stocks on the LSE in the last two quarters."

With a 32-year track record of earnings and EBITDA growth, JTC's latest interim results were published on Sept. 15. The company reported period on period revenue growth of 15.2% and an EBITDA margin of 31.0%. The Group has developed a highly successful growth strategy that combines strong organic growth of the core business (10.1% for H1 2020) with highly disciplined inorganic growth in a sector that is consolidating at a global level.


JTC PLC is an award-winning provider of fund, corporate and private client services to institutional and private clients. Founded in 1987, JTC PLC has more than 900 people working across its global office network and is trusted to administer more than $130 billion of client assets. The principle of true shared ownership for all employees is fundamental to their culture and aligns them completely with the best interests of their clients and other stakeholders.

JTC PLC fund services administer a wide variety of listed and unlisted funds across a diverse range of asset classes, including real estate, private equity, renewables, hedge, debt and other alternatives. The firm's corporate services provide company secretarial and administration services to a broad range of clients, including SMEs, public companies, multinationals and sovereign wealth funds. JTC PLC's private wealth services include the formation and administration of vehicles such as trusts, companies and partnerships on behalf of predominantly HNWIs and UHNWIs and their families and dedicated private and family offices.

About NES Financial

NES Financial, a JTC Company, is a multi-jurisdictional provider of fund, corporate and private client services. The company administers more than $130 billion in assets and employs more than 900 people worldwide. A leader in specialty financial administration, NES Financial serves markets characterized by high administrative complexity, elevated transaction security needs and challenging compliance requirements.

As the North American division of JTC, NES Financial is the leading provider of third-party administrative solutions to US impact investment sectors, including Opportunity Zones and the EB-5 Program, as well as to US private equity fund managers and 1031 exchange participants. The company's technology-driven solutions streamline new best practices in these markets by simplifying specialized financial transactions, reducing back-office overhead, curtailing fraud and abuse, and offering security, transparency and regulatory compliance during each step of an investment's life cycle.

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